Number
150526
Version
SUBSTITUTE 1
Reference
990930, 040878
Sponsor
ALD. COGGS
Title
Substitute resolution approving the 2016 Operating Plan and boundary expansion for Business Improvement District No. 25 (Riverworks) and approving the dissolution of Business Improvement District No. 36 (Riverworks II), in the 3rd and 6th Aldermanic Districts.
Analysis
This substitute resolution approves the 2016 Operating Plan and boundary expansion for Business Improvement District No. 25 and dissolves Business Improvement District No. 36.
Body
Whereas, The Common Council of the City of Milwaukee (“Common Council”) created Business Improvement District No. 25 (“BID No. 25”) via File No. 990930 on October 19, 1999, as authorized by Section 66.1109, Wisconsin Statutes, and adopted its initial Operating Plan for the year 2000; and
Whereas, The Common Council created Business Improvement District No. 36 (“BID No. 36”) via File No. 040878 on November 3, 2004, as authorized by Section 66.1109, Wisconsin Statutes, and adopted its initial Operating Plan for the year 2005; and
Whereas, On October 16, 2013 and October 15, 2013, the Boards of BID No. 25 and BID No. 36, respectively, authorized actions to combine the two adjacent BID’s into one BID, known as BID No. 25, and to dissolve BID No. 36 and its Board; and
Whereas, The expanded boundaries for BID No. 25 are generally described as Port Washington Road to the west, Humboldt Boulevard to the east, Auer Avenue to the south and Hope Street to the north (City of Milwaukee city limits); and
Whereas, The Board of BID No. 25 submits for approval its 2016 Operating Plan that combines the two BID boundaries into BID No. 25, a copy of which is attached to this Common Council File, which authorizes special assessments totaling $257,859 on taxable properties in the BID; and
Whereas, BID No. 25 will continue its contract with the Riverworks Development Corporation for staffing and Operating Plan implementation; and
Whereas, The ...
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